Michel Barnier Tag

The Square Mile has been left frustrated by reports that the EU's chief negotiator has already snubbed the UK's plan for a post-Brexit deal around financial services.
Michel Barnier has warned European colleagues against accepting the UK’s new proposal of enhanced equivalence, arguing it would prevent

Chancellor Philip Hammond will tell European leaders that it is in the "mutual interest" of both the UK and the EU to include financial services in a free trade agreement.
In a speech, Mr Hammond will set out his argument against "sceptics", saying it is possible

The UK is ready to set out its vision for how it wants financial services to operate after Brexit and favours an ambitious “mutual recognition” of regulations to preserve the City of London’s access to the EU.
Under Britain’s proposal, the UK and the EU would

Brexit has been the centrepiece of the City’s agenda this week, with two planned Brexit Select Committee meetings alongside Michel Barnier’s visit to the UK.
Despite the fractures Brexit has caused within the government, there seems to be more coherent understanding in the Square Mile on

Frankfurt and Paris are set to see a trickle rather than a wave of London bankers arrive in 2018, with the prospect of a softer Brexit discouraging them from leaving Britain immediately, executives and lobbyists say.
Both cities had been positioned to benefit as Britain prepares